Guideline Value for Maroof Saheb Lane

Maroof Saheb Lane guideline value

The current guideline value of Maroof Saheb Lane is Rs 5,500 per sq.ft, effective from 1 July 2024. This lane is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class II Type - I.

How the guideline value of Maroof Saheb Lane has changed

The guideline value for Maroof Saheb Lane has undergone several revisions over the years. In 2007, the value was Rs 945 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking an increase of 429%. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft, a reduction of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, and most recently, it has increased to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 482%.

Guideline values in Triplicane

In Triplicane village, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft, with a median value of Rs 6,600 per sq.ft. Maroof Saheb Lane's 2024 guideline value is below this median.

• Maroof Saheb Street: Rs 5,500 per sq.ft (2024)
• Massudhi Street / Small Massudhi (Mosque Street & Lane): Rs 6,600 per sq.ft (2024)
• Md. Abdulla 2nd Street: Rs 5,500 per sq.ft (2024)
• Md. Abdullah 1st Lane & Street: Rs 5,500 per sq.ft (2024)
• Md. Abdulla Street: Rs 5,500 per sq.ft (2024)
• Manicka Maistry Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Maroof Saheb Lane

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Maroof Saheb Lane?

The Sub Registrar Office that covers Maroof Saheb Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Triplicane

The guideline value is a crucial factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Maroof Saheb Lane?

The current guideline value of Maroof Saheb Lane is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 945 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 482% over the years.

What is the land classification for Maroof Saheb Lane?

Maroof Saheb Lane is classified as Residential Class II Type - I.

Where can I find the Triplicane Sub Registrar Office?

The Triplicane Sub Registrar Office is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Maroof Saheb Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000.